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OAO - Oando Plc - Finalisation of bonus issue of ordinary shares

Release Date: 11/08/2010 13:00:01      Code(s): OAO
OAO - Oando Plc - Finalisation of bonus issue of ordinary shares                
Oando PLC                                                                       
(Incorporated in Nigeria and registered as an external company in South Africa) 
Registration number: RC 6474                                                    
(External company registration number: 2005/038824/10)                          
Share Code on the JSE Limited: OAO                                              
Share Code on the Nigerian Stock Exchange: UNTP                                 
ISIN: NGOANDO00002                                                              
("Oando" or "the Company")                                                      
FINALISATION OF BONUS ISSUE OF ORDINARY SHARES                                  
Shareholders are referred to the announcement released on Thursday, 6 May 2010  
and are advised that the Nigerian Securities and Exchange Commission has        
registered the issue of bonus shares at the rate of one ordinary share of fifty 
kobo for every two ordinary shares of fifty kobo each held for the twelve months
to 31 December 2009 ("bonus issue"). The bonus issue was approved by the        
Company`s shareholders at the annual general meeting held on Friday, 7 May 2010.
It is expected that admission to trading and listing of the bonus issue shares  
will take place on the Main Board of JSE Limited on Monday, 16 August 2010.     
Registered holders of Oando ordinary shares as recorded on the Company`s share  
register on Thursday 20 May 2010 ("qualifying shareholders") will have their    
accounts with Central Securities Depository Participants and brokers in South   
Africa credited with bonus shares on or about 16 August 2010. New share         
certificates in respect of the bonus issue will be posted to qualifying         
shareholders on the same day.                                                   
Qualifying shareholders will not be allocated a fraction of a bonus share and as
such any bonus share giving rise to a fraction of less than one of a bonus share
will be rounded down to the nearest whole number. This is applicable to         
shareholders on both the Nigerian and South African share register.             
11 August 2010                                                                  
JSE Sponsor                                                                     
Macquarie First South Advisers(Proprietary) Limited                             
Date: 11/08/2010 13:00:01 Supplied by www.sharenet.co.za                     
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